The payments company will launch its own dollar-pegged stablecoin on Solana in May 2026. The token is designed for settlements with agents, not retail customers.
Western Union has announced the launch of its own USDPT stablecoin on the Solana (SOL) blockchain in May 2026. The coin is dollar-backed and designed not for retail customers but for settlements with the company’s agents as an alternative to the SWIFT system.
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“It is no longer a question of if Western Union will be active in digital assets; it is now how fast we can scale. At the foundation of our strategy is USDPT, our U.S. dollar-backed stablecoin,” said CEO Devin McGranahan.
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DAN and Stable Card: How Western Union Will Connect Crypto Wallets to Retail Networks
In parallel, the company is launching the Digital Asset Network (DAN). It will connect users’ crypto wallets to Western Union’s retail infrastructure for conversion into local currencies. The first partner within DAN will join this week.
Additionally, Western Union plans to issue the USD Stable Card for consumers across dozens of markets. The card will allow users to hold funds in stablecoins and spend them globally. According to McGranahan, the product is especially in demand in high-inflation countries where people want to save in dollars.
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Financial Results and Next Steps
The news comes amid stabilizing financial results at Western Union. First-quarter revenue reached $983 million, down just 1% year-over-year — a 400 basis point improvement from the fourth quarter.
Western Union shares (WU) closed Friday on the NYSE at $8.9, down 4.6%.
Western Union emphasized that USDPT, DAN, and the Stable Card are designed to work as a single ecosystem. The main focus is now on scaling: onboarding new partners, expanding payment corridors, and increasing transaction volumes.
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